DRO and PPI claim

Dullville
Dullville Posts: 297 Forumite
First Anniversary Name Dropper First Post Combo Breaker
in IVA & DRO
Once discharged from my DRO am I free to pursue PPI miss selling and payday loan complaints? Thanks

Comments

  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    First Post First Anniversary Combo Breaker
    Hi Dullville,


    All PPI claims should be resolved before entering into a DRO. If the claim has already been made then normally you would need to wait and see what you would receive before starting the DRO application. If the award would exceed the asset limit then the money could be split fairly between the debts to reduce your assets back within the £1000 criteria, or (if the award is for less than £1000) it may be possible to keep some/ all of this. If you choose not to make the claim then normally you are relinquishing your right to resurrect the claim in the future.


    Please be aware that if you did make a new PPI claim, and are successful in receiving a refund either during the DRO or shortly afterwards then the DRO can be revoked. This would be decided by the insolvency service on a case by case basis so you need to be very careful.


    Laura
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
  • Dullville
    Dullville Posts: 297 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    National_Debtline wrote: »
    Hi Dullville,


    All PPI claims should be resolved before entering into a DRO. If the claim has already been made then normally you would need to wait and see what you would receive before starting the DRO application. If the award would exceed the asset limit then the money could be split fairly between the debts to reduce your assets back within the £1000 criteria, or (if the award is for less than £1000) it may be possible to keep some/ all of this. If you choose not to make the claim then normally you are relinquishing your right to resurrect the claim in the future.


    Please be aware that if you did make a new PPI claim, and are successful in receiving a refund either during the DRO or shortly afterwards then the DRO can be revoked. This would be decided by the insolvency service on a case by case basis so you need to be very careful.


    Laura
    @natdebtline
    Thanks Laura for that,can I chase the various payday companies for redress now that my DRO has finished?
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